Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide this update on the current drilling program at its Bachelor project.
Metanor continues the underground drilling program of the "Main", "A-1" and "B" veins, from various levels of the mine. As mentioned in the April 29, 2013 press release available on Sedar, the company is in the process of determining the lateral extensions of these veins. Since then, the drilling progressed in the western extension of the mine on level 13, and began on level 14.
On level 13, the western extension, which is subject to a 100 meters offset going south, continues to provide positive results. The development of a drift to allow access to this sector will begin in the coming quarter on level 13.
On level 14, Metanor began the drilling of the Main vein. As well, the development crews began the excavation of the ore sills in both the Main and B veins.
The table below summarizes the significant intersections obtained in these structures in the last few weeks:
--------------------------------------------------------------------------- Grade Au Hole From (m) To (m) Width (m)(i) (g/T) Zone --------------------------------------------------------------------------- 13-066 14.02 19.39 5.37 4.16 A-1 --------------------------------------------------------------------------- 13-070 51.26 51.94 0.68 7.35 Main-1 --------------------------------------------------------------------------- 57.96 59.89 1.93 22.64 Main-2 --------------------------------------------------------------------------- 68.81 83.82 15.01 4.91 Main --------------------------------------------------------------------------- 90.65 95.10 4.45 9.21 B --------------------------------------------------------------------------- 14-002 67.06 82.30 15.24 8.49 Main --------------------------------------------------------------------------- 14-003 84.28 89.92 5.64 14.17 Main --------------------------------------------------------------------------- 14-005 125.78 128.02 2.24 12.48 Main --------------------------------------------------------------------------- (i) : Core length
Metanor is very encouraged by the progress made to date regarding the project ramp up, and by the drilling results obtained at Bachelor. The latest drilling completed on level 13 and 14 demonstrates, again, and significantly the extension of the mineralized structures going west, which would potentially increase the available resources.
The true width is approximately 70 to 80% of the core length obtained in diamond drill holes aiming the western sector. The samples were assayed by fire-assay at the Metanor assay lab. The quality control program of the assay results (QA QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent external assay lab.
About Metanor
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.
Qualified Person
Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.
Harry Truman Quote:
I never gave anybody hell! I just told the truth and they thought it was hell....lol
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